For the U.S. it is important to learn from the debt crisis, says the head of the agency last week that downgrades of U.S. debt.


The world gradually gave up the dollar and the process will become irreversible, predicts the president of the Chinese rating agency Dagong Guang Tszyanchzhun quoted by ITAR-TASS.
Last week Dagong lower sovereign rating of the USA (grade A + to A) after the White House and Republicans in Congress failed to agree on increasing the debt limit at the last possible moment.
“Now the U.S. is most important to reflect on the lessons of the crisis occurring around the debt ceiling. The U.S. should clearly understand that there are fewer opportunities for servicing the public debt will lead to the outbreak of the crisis of sovereign debt,” Guan said on television channel CNBC.
Chinese rating agency Xinhua on Saturday condemned the “short-sighted” policy disputes in the U.S. about the problems of U.S. debt and insisted that the world needs a new, stable currency reserves, recalls ITAR-TASS.
Experts say the increase in the dollar in circulation would certainly harm the interests of China as it will lead to devaluation of U.S. currency. This will increase inflationary pressures in China and hamper the fight against European debt crisis.